In today’s Land Cycle Investor, find out how transportation increases the economic rent of land…but can just as easily steal some of it back. As such, Australia’s tollbooth Transurban is going to benefit from Australia’s population Ponzi policies in the years to the peak. That will keep land prices elevated with incoming demand while available supply remains constrained. But they won’t stop there…
Woodside Energy says it achieved record production in Q4 FY22; however, sales and revenue did not appear in step with production rates, in fact they lowered 8.5% and 12% respectively.
In today’s Money Morning, the stunning rise of New York City was an unlikely story. Control over trade flows propelled its rise. But it was its eventual control over money flows that cemented it, not just in the US but around the world. However, this power is now under threat. A ‘new’ New York is rising up. And the powers that be don’t like it…
If increasing returns compound to a firm capturing the market, that firm and its investors will enjoy great success. But success entails failure for rivals. If the winner takes all, losers take nothing.
It’s another grand experiment…a ‘teachable moment’ in human history. But are humans really teachable? Aren’t the TV shows of 2022 full of the same wickedness and errors committed 2,000 years ago?
If a company has a long history of high ROE, we can certainly infer some kind of sustained business advantage allowing the company to generate consistently high returns. But, on this alone, can we conclude that the business will continue to generate high ROE?
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